NEW YORK, N.Y.--(BUSINESS WIRE)--Delcath Systems, Inc. (Nasdaq:DCTH) announced today that the Company completed the sale of approximately 3.8 million shares of its common stock plus warrants to purchase 1.9 million shares of common stock with an exercise price of $4.53 per share. Selected institutional investors, led by Winslow Management of Boston, purchased units via a registered direct offering. Each unit consisted of one share of common stock and one warrant to purchase 0.5 shares of common stock, and was priced at $3.70 per unit. Total gross proceeds were approximately $14.2 million, before deducting offering fees and expenses. Canaccord Adams Inc. and ThinkEquity Partners, LLC acted as placement agents for the offering.
